Poverty headcount ratio at $8.30 a day (2021 PPP) in Latin America & Caribbean
Latin America & Caribbean: Poverty headcount ratio at $8.30 a day (2021 PPP) was 24.7% in 2024. ▼ Falling
Poverty headcount ratio at $8.30 a day (2021 PPP) in Latin America & Caribbean, 1981–2024
Source: World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ. Measured in % of population.
Analysis
Latin America & Caribbean recorded 24.7% for poverty headcount ratio at $8.30 a day (2021 ppp) in 2024. That is the lowest value across all 44 years on record.
That represents a change of down 6.8% on the previous year and down 25.8% over ten years.
Over the whole period, poverty headcount ratio at $8.30 a day (2021 ppp) in Latin America & Caribbean peaked at 59.7% in 1983 and was at its lowest, 24.7%, in 2024.
The long-run direction has been consistently falling across the 44 years of available data.
Poverty headcount ratio at $8.30 a day (2021 PPP) in Latin America & Caribbean, year by year
| Year | % of population | Change |
|---|---|---|
| 1981 | 56.1% | — |
| 1982 | 56.6% | +0.9% |
| 1983 | 59.7% | +5.5% |
| 1984 | 59.5% | -0.3% |
| 1985 | 58.2% | -2.2% |
| 1986 | 52.2% | -10.3% |
| 1987 | 55.5% | +6.3% |
| 1988 | 55.9% | +0.7% |
| 1989 | 55.6% | -0.5% |
| 1990 | 57.4% | +3.2% |
| 1991 | 57.1% | -0.5% |
| 1992 | 57.5% | +0.7% |
| 1993 | 57.2% | -0.5% |
| 1994 | 56.0% | -2.1% |
| 1995 | 55.1% | -1.6% |
| 1996 | 55.9% | +1.5% |
| 1997 | 54.9% | -1.8% |
| 1998 | 54.3% | -1.1% |
| 1999 | 55.1% | +1.5% |
| 2000 | 53.1% | -3.6% |
| 2001 | 52.5% | -1.1% |
| 2002 | 52.7% | +0.4% |
| 2003 | 52.0% | -1.3% |
| 2004 | 50.6% | -2.7% |
| 2005 | 48.0% | -5.1% |
| 2006 | 44.4% | -7.5% |
| 2007 | 42.3% | -4.7% |
| 2008 | 40.3% | -4.7% |
| 2009 | 40.0% | -0.7% |
| 2010 | 38.1% | -4.7% |
| 2011 | 36.1% | -5.2% |
| 2012 | 34.9% | -3.3% |
| 2013 | 33.9% | -2.9% |
| 2014 | 33.3% | -1.8% |
| 2015 | 31.6% | -5.1% |
| 2016 | 31.4% | -0.6% |
| 2017 | 31.0% | -1.3% |
| 2018 | 30.5% | -1.6% |
| 2019 | 30.2% | -1.0% |
| 2020 | 30.5% | +1.0% |
| 2021 | 31.0% | +1.6% |
| 2022 | 28.0% | -9.7% |
| 2023 | 26.5% | -5.4% |
| 2024 | 24.7% | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 56.6% | 52.2% | 59.7% | 9 |
| 1990s | 56.0% | 54.3% | 57.5% | 10 |
| 2000s | 47.6% | 40.0% | 53.1% | 10 |
| 2010s | 33.1% | 30.2% | 38.1% | 10 |
| 2020s | 28.1% | 24.7% | 31.0% | 5 |
Countries ranked near Latin America & Caribbean
- 8 Ethiopia 93.5% compare
- 9 Nigeria 92.9% compare
- 10 Tanzania, United Republic of 91.5% compare
- 11 Guinea-Bissau 91.4% compare
- 12 Burkina Faso 90.4% compare
- 13 Kenya 90.1% compare
- 14 Rwanda 89.8% compare
More poverty & inequality data for Latin America & Caribbean
- Poverty headcount ratio at $3.00 a day (2021 PPP) 4.3% (2024)
- Poverty gap at $3.00 a day (2021 PPP) 1.5% (2024)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 8.0% (2024)
- Prosperity gap 3.1 average shortfall from a prosperity standard of $28/day (2024)
- Poverty gap at $4.20 a day (2021 PPP) 2.8% (2024)
- Poverty headcount ratio at societal poverty line 25.5% (2024)
- Poverty gap at $8.30 a day (2021 PPP) 9.3% (2024)
- Population living in slums 18.9% (2022)
Frequently asked questions
- What is poverty headcount ratio at $8.30 a day (2021 ppp) in Latin America & Caribbean?
- Poverty headcount ratio at $8.30 a day (2021 ppp) in Latin America & Caribbean was 24.7% in 2024, according to World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
- What is the highest poverty headcount ratio at $8.30 a day (2021 ppp) recorded in Latin America & Caribbean?
- The highest recorded value was 59.7% in 1983.
- What is the lowest poverty headcount ratio at $8.30 a day (2021 ppp) recorded in Latin America & Caribbean?
- The lowest recorded value was 24.7% in 2024.
- How does Latin America & Caribbean rank for poverty headcount ratio at $8.30 a day (2021 ppp)?
- Latin America & Caribbean ranks 11th out of 14 groups with data for 2024.
- Is poverty headcount ratio at $8.30 a day (2021 ppp) rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 25.8%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean data come from?
- The figures come from World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as part of Poverty headcount ratio at $8.30 a day (2021 PPP) (% of population). Statizoid updates them automatically from the source API.
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About this data
Poverty headcount ratio at $8.30 a day is the percentage of the population living on less than $8.30 a day at 2021 international prices.